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Western North Dakota crude pipeline shut down after spill

Dec. 06, 2016 12:36 PM ETEnergy Transfer LP Common Units (ET) StockSXL, ETBy: Carl Surran, SA News Editor77 Comments
  • A crude oil transmission line operated by Belle Fourche Pipeline Co. has been shut down in western North Dakota following a leak that spilled oil into a creek, a development that could harden the views of Native Americans, climate activists and other protesters camped ~200 miles away at the Dakota Access pipeline project worried that a leak there could contaminate the water supply.
  • Many of the demonstrators say they are planning to stay at the Dakota Access site, despite a recent win against the building of the pipeline, the wishes of the chairman of the tribe that has led the protest and blizzard conditions.
  • Meanwhile, the American Petroleum Institute and the MAIN Coalition, which represents entities that benefit from Midwest infrastructure projects, are calling on Pres.-elect Trump to pave the way for completion of the pipeline when he enters the White House.
  • Relevant tickers include ETP, ETE, SXL.

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